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Saturday, 23 May 2020

Car rental firm Hertz files for bankruptcy protection in US

Hertz, which has 38,000 staff, is one of the largest firms to be undone by the pandemic

The 102-year-old car rental firm Hertz has filed for bankruptcy protection after its business all but vanished during the coronavirus pandemic.

Hertz said in a US court filing on Friday that it had voluntarily filed for Chapter 11 reorganisation. Its international operating regions including Europe, Australia and New Zealand were not included in the US proceedings.

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from The Guardian https://ift.tt/3ghUO79

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